Ming Jong Tey
Independent Analyst
Pullback trading is considered as the bread and butter technique for traders. Yet majority traders still hardly generate consistent profit when trading the pullback mainly because they overlook one specific aspect.
In this video, you will find out the one thing that winning traders do when trading pullback that will boost up their winning rate instantly. Watch the video below:
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Editors’ Picks
EUR/USD: The extension and duration of the rebound remain to be seen
EUR/USD regained further balance and trespassed the key 1.0600 hurdle to clock three-day highs following extra weakness in the Greenback and some loss of momentum around the Trump rally.
GBP/USD gathers extra pace and approaches 1.2700
GBP/USD maintains its positive start to the week and regains further traction on the back of the increasing selling pressure hurting the Greenback at the beginning of the week. Against that, Cable keeps the optimism in place and refocuses on the 1.2700 zone.
USD/JPY bounces back from 155.00 as BoJ Ueda avoids to provide rate hike timing
USD/JPY rebounds from 155.00 as BoJ Ueda didn’t provide specific timing for further interest rate hikes. Japan Kato warned of possible intervention to support the Yen against excessive volatile moves. Trump’s protectionist policies would accelerate US inflation and growth.
Editors’ Picks
AUD/USD: Not out of the woods yet
The continuation of the selling pressure around the US Dollar lent extra wings to AUD/USD and propelled it back above the 0.6500 barrier ahead of the publication of the RBA Minutes of its November 5 event.
EUR/USD: The extension and duration of the rebound remain to be seen
EUR/USD regained further balance and trespassed the key 1.0600 hurdle to clock three-day highs following extra weakness in the Greenback and some loss of momentum around the Trump rally.
Gold gives signs of life and reclaims $2,600/oz
After suffering large losses in the previous week, Gold gathers recovery momentum and trades in positive territory above $2,600 on Monday. In the absence of high-tier data releases, escalating geopolitical tensions help XAU/USD hold its ground.
Ethereum Price Forecast: ETH risks decline to $2,258 as exchange reserves continue uptrend
Ethereum (ETH) is up 1% on Monday after ETH ETFs hit a record $515.5 million inflows last week. However, rising exchange reserves and realized losses could trigger bearish pressure for the top altcoin.
The week ahead: Powell stumps the US stock rally as Bitcoin surges, as we wait Nvidia earnings, UK CPI
The mood music is shifting for the Trump trade. Stocks fell sharply at the end of last week, led by big tech. The S&P 500 was down by more than 2% last week, its weakest performance in 2 months, while the Nasdaq was lower by 3%. The market has now given back half of the post-Trump election win gains.
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